My sources told me that L.A. Reid was staying around the Def Jam offices through the year, but that doesn’t seem to be the case. Apparently, the big guy has defected a bit earlier than expected. You know, but a lot of complaining has been going on over Reid’s management style and his affinity for R&B…and lack of Rap swag. At any rate, his emails have reportedly been bouncing causing many to suspect he’s already left.

At least he got Shyne’s undying love and adoration.

YOUNG BUCK TO SUE THE IRS?

We all were happy that Young Buck was wise enough to stave of an IRS Auction, but it looks like he is going on the offensive. The well known rapper is reportedly suing the Internal Revenue Service, because they attempted to auction off how he makes his money! He owes about $300,000 and they weren’t giving him any slack! He’s also looking to 50 Cent as well, but that’s a whole different rumor.

NELLY AND ASHANTI?

Off or on? That is the question. People see them together and wonder just that. They were out at a private listening session for his new album and Ashanti was smiling all damn night. That means they are an item and aren’t saying a word. Good for them.

Here is a pic.

JOKES ON CHINGY?

The word on the street is that Chingy’s tranny stalker Sidney Starr is actually a big ol’ HOAX. People are saying she’s actually a real woman.

ILLSEED’S QUICKIES

I am hearing that Montana Fishbourne is still in treatment for hoe-dom and is getting better. Too bad she had to go and do full-fledged porn before realizing…I’m sick.

At least T.I. can take the kids trick or treating. He’s due in Nov. 1.

Bobby and Whitney were seen out on a “date.” I know there is no way they are back together.